Elliott Wave Analysis: BNBUSD Has An Unfinished Wave C
Mar 21, 2022


BNBUSD is trading in a big A-B-C zig-zag correction from May 2021 highs and it looks to be unfinished. In May 2021 we saw sharp and impulsive decline, which should be labeled as a first leg A. From May till November 2021 we have seen a three-wave corrective rally in wave B and since November 2021 it’s trading now in wave C.
Wave C is a motive wave and it should be completed by a five-wave cycle. If we consider that May 2021 lows is still open. Then current sideways consolidation could be easily just as part of subwave (4) correction. Before we will see another sell-off for the final wave (5) of C towards 250-200 strong support zone .

Elliott Wave Analysis: BNBUSD Has An Unfinished Wave C by ew-forecast on TradingView.com

Interested in a more detailed Elliott wave outlook on cryptos? Watch the video HERE.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.